Philippine company buys Scottish whisky distiller
Scotch whisky distiller Whyte & Mackay has been sold to the Philippines-based maker of Emperador brandy for $730 million.
Bought seven years ago by India’s United Spirits, the Glasgow-based distiller had to be sold for competition reasons after Diageo acquired a controlling stake in United.
The Office of Fair Trading said Diageo’s Bell’s whisky competes with Whyte & Mackay’s own-label and branded whisky and that its acquisition of the United Spirits stake could lead to “a substantial lessening” in competition.
United Spirits acquired Whyte & Mackay, which dates back to 1844, from its former chief executive, Vivian Imerman, for a little over $1 billion.
The Indian company said in a statement on Friday that the sale of Whyte & Mackay was subject to regulatory approval in India and Britain as well as by the Reserve Bank of India.
Whyte & Mackay was founded in 1844 in Glasgow. Its self-branded whisky holds about 3 per cent of the UK whisky market. The company sells single malt and blended Scotch whiskies, liqueurs and vodkas. Their brands include the W&M blends, Dalmore, Jura and Fettercairn single malts, Glayva liqueur and Vladivar Vodka.
Scotch whisky distiller Whyte & Mackay has been sold to the Philippines-based maker of Emperador brandy for $730 million. Bought seven years ago by India's United Spirits, the Glasgow-based distiller had to be sold for competition reasons after Diageo acquired a controlling stake in United. The Office of Fair Trading said Diageo's Bell's whisky competes with Whyte & Mackay's own-label and branded whisky and that its acquisition of the United Spirits stake could lead to "a substantial lessening" in competition. United Spirits acquired Whyte & Mackay, which dates back to 1844, from its former chief executive, Vivian Imerman, for a...
Scotch whisky distiller Whyte & Mackay has been sold to the Philippines-based maker of Emperador brandy for $730 million.
Bought seven years ago by India’s United Spirits, the Glasgow-based distiller had to be sold for competition reasons after Diageo acquired a controlling stake in United.
The Office of Fair Trading said Diageo’s Bell’s whisky competes with Whyte & Mackay’s own-label and branded whisky and that its acquisition of the United Spirits stake could lead to “a substantial lessening” in competition.
United Spirits acquired Whyte & Mackay, which dates back to 1844, from its former chief executive, Vivian Imerman, for a little over $1 billion.
The Indian company said in a statement on Friday that the sale of Whyte & Mackay was subject to regulatory approval in India and Britain as well as by the Reserve Bank of India.
Whyte & Mackay was founded in 1844 in Glasgow. Its self-branded whisky holds about 3 per cent of the UK whisky market. The company sells single malt and blended Scotch whiskies, liqueurs and vodkas. Their brands include the W&M blends, Dalmore, Jura and Fettercairn single malts, Glayva liqueur and Vladivar Vodka.
